Skip to content
Back to the text

Banking Act · s 25

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?

The text as we hold it

Open the official text

s 25Provision for bad and doubtful debts

The Authority shall establish guidelines as to the provision to be made by the bank for bad and doubtful credit risks; and the bank shall secure that adequate provision is made in accordance with those guidelines before any profit or loss is declared.